Here we are again! A new and revolutionary news from Social Media. WhatsApp is the responsible of this.

Few days ago, it was filtered that WhatsApp is preparing new updates for its application. Other companies as Android, Apple and Samsung have done its updates. WhatsApp wants to join to this updates models. The last update will allow us to contract services and make transactions between people and companies.

It is rumored that Indian citizens will be the chosen target, where digital payments are getting stronger and stronger day to day. There is not a local partner from India but Undefined Payments Interface (UPI) could be the best candidate to ally to WhatsApp. A spokeperson from WhatsApp said that “India is a great country for WhatsApp and we are understanding how can we contribute to the Indian Digital Vision”

Despite of being a great innovation inside Social Media Market, we do not have to forget that Facebook allows us to transfer money between users thanks to Messenger application. This type of Network is not the first one. WeChat is the most important Network that apart from messaging service, we can transfer money between companies and users.

The question that arises to us is: “Could WhatsApp become the substitute of physical money?”

Nowadays, there are some telematic payments that are replacing physical money. What WhatsApp wants to implant is the payment between people and companies without the use of dataphones. As an example of this, WeChat has done allies with Starbucks and you can pay your order through your pone with the application.

Hi Piedad! For that reason WhatsApp Co. wants to try this business model in India. Their culture is different than ours and they are using their mobile as a payment method and physical money is becaming useless. Maybe in our culture is difficult to implant this model. But as we say “little by little”. Thank you Piedad!!